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Richard Epstein ponders the continuing calamity that is Obamacare [2].

Holly Bell and GMU Econ student Harrison Searles, in this new study from the Mercatus Center, analyze government efforts to regulate high-frequency trading (HFT) [3].

George Selgin tells the tale of William Jennings Bryan and the founding of the Fed [4].

Greg Mankiw is reading Thomas Piketty’s Capital in the Twenty-First Century [5].

James Pethokoukis offers his reflections on Piketty’s book here [6] – and here [7].  A slice:

Thanks to Piketty, the left is now having a Galaxy Quest moment. All that stuff their Marxist economics professors taught them about the “inherent contradictions” of capitalism and about history’s being on the side of the planners — all the theories that the apparent victory of market capitalism in the last decades of the 20th century seemed to invalidate — well, it’s all true after all. In their progressive hearts, they always knew it, knew it, knew it! The era of big government is back! Let the redistribution commence!

I couldn’t care less about America being “energy independent,” but I agree with Mark Perry that the Jones Act should be scrapped [8].